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Nov 27, 2012
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social security, not a penny to the deficit. medicare, he wants $250 million over a quarter of a year. that saves for medicare. and medicaid is more essential now than it's ever been and it's a key part of obama care. i don't know what mr. plouffe was talking about. i think he got the republican talking points mixed up with his. >> that was my first impression when i saw the videotape as well. the question comes up. what are you willing to accept in a deal when it comes to programs like medicare and medicaid? >> look, this december should be about revenues. then we can go on to have discussions about the long-term solvency and where medicare fits in and the changes coming by 2014 as we move ahead with obama care. but revenues have to come first. they should come first because we hold all the ace s. they don't have to worry about their pledge because they are voting to reduce taxes for working americans. they just can't do anything about the millionaires and billionaires and the unearned income, which is going to go back to clint
social security, not a penny to the deficit. medicare, he wants $250 million over a quarter of a year. that saves for medicare. and medicaid is more essential now than it's ever been and it's a key part of obama care. i don't know what mr. plouffe was talking about. i think he got the republican talking points mixed up with his. >> that was my first impression when i saw the videotape as well. the question comes up. what are you willing to accept in a deal when it comes to programs like...
SFGTV2: San Francisco Government Television
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Nov 29, 2012
11/12
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i have be asked to testify whether or not psycho paths have affective deficits. absolutely they do. there has been hundreds of years of psychiatric research shows that they do. you have this two prong thing. on the one hand more dangerous if you release them and don't treat them. on the other hand, they're affectively different. there was a very nice article in the "new york times" magazine on mother's day about children who have these emerging traits and how we would develop and understand and treat them. it's a small percentage. my goal is to develop better treatment so they can keep them off that trajectory towards life course persistent problems. >> are you saying that people that have the brain structure that you have identified will always be lacking in volitional control or impulse receive to the extent that they are criminals? do we have a subset of people that are criminals because of their brains? >> i should really differentiate psychopathy from criminality. there are a lot of reasons why individuals engage in different criminal activity. it's a very small percentage of p
i have be asked to testify whether or not psycho paths have affective deficits. absolutely they do. there has been hundreds of years of psychiatric research shows that they do. you have this two prong thing. on the one hand more dangerous if you release them and don't treat them. on the other hand, they're affectively different. there was a very nice article in the "new york times" magazine on mother's day about children who have these emerging traits and how we would develop and...
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Nov 27, 2012
11/12
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deficit reduction. that's probably a little too much out of revenues over the short term. so let's go back to child tax credit and some middle income tax relief and that, but let's keep a substantial portion of that revenue and we don't have to the talking about stupid across the board cuts and do more targeted cutses in programs that need cutting and bolster those that need bolstering. one thing it, no one's talking about within-third of the deficit is due to high unemployment. we should be talking about investment that will put americans back to work and that takes care of a third of the deficit. if you're talking about a grand bargain, okay, revenues putting people back to work and then we'll talking about cuts. >> that's a profound point. all of a sudden we're supposed to go into this grand bargain of medicare and medicaid because we went through recession and the tax base was low because there was a lot of people unemployed for months on end and we had to invest in the economy to where we've got it
deficit reduction. that's probably a little too much out of revenues over the short term. so let's go back to child tax credit and some middle income tax relief and that, but let's keep a substantial portion of that revenue and we don't have to the talking about stupid across the board cuts and do more targeted cutses in programs that need cutting and bolster those that need bolstering. one thing it, no one's talking about within-third of the deficit is due to high unemployment. we should be...
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Nov 27, 2012
11/12
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the wealthy did not contribute one nickel toward deficit reduction. i think now is the time where the democrats and the president have got to stand firm and say excuse me, the middle class is hurting in this terrible recession. the number of people who are in poverty is at an all-time high. we are not going to balance the budget on the backs of the most vulnerable and wealthy and large corporations are going to have to start paying their fair share of taxes. >> eliot: senator, not only do i agree with you i love to hear you state it with the clarity you always do. there is still unbelievable ambiguity with what the republicans are willing to do. there are basically three ideas around. one you can you would cap the amount any one person could make in deductions. close loopholes and three raise marginal rates. the third i gather is what you think we should do. >> i have not heard any republican is in favor of the latter. i think it's kind of mushy, and revenue is a big word. you can have reaction near ways of raising revenue. to my point the president c
the wealthy did not contribute one nickel toward deficit reduction. i think now is the time where the democrats and the president have got to stand firm and say excuse me, the middle class is hurting in this terrible recession. the number of people who are in poverty is at an all-time high. we are not going to balance the budget on the backs of the most vulnerable and wealthy and large corporations are going to have to start paying their fair share of taxes. >> eliot: senator, not only do...
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Nov 22, 2012
11/12
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medicare, medicaid, the chief drivers of our president -- deficit. we made a lot of progress, but there is still spending we have to cut. the big bottleneck is republicans in congress on revenue and how much they're willing to come from. democrats will also have to step up and do some tough things. the notion that somehow these deficits and our debt are not a threat to our national security and economic future is something i cannot -- disagree with more strongly, as does the president. there are commentators on the left that suggest that -- we should not deal with it at all. we have to deal with it. think about the damage -- let's say we could reach an agreement. i happen to believe, i am not an economist by training, but we have been around enough to understand -- that would be a great driver for our economy. we are over performing the rest of the world right now. if we can actually -- for the business community and the american people say we have our fiscal house in order for a 20 period and will still be able to invest in education and technology
medicare, medicaid, the chief drivers of our president -- deficit. we made a lot of progress, but there is still spending we have to cut. the big bottleneck is republicans in congress on revenue and how much they're willing to come from. democrats will also have to step up and do some tough things. the notion that somehow these deficits and our debt are not a threat to our national security and economic future is something i cannot -- disagree with more strongly, as does the president. there...
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Nov 23, 2012
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so if you're trying to get deficit reduction the affordable care act actually helps with deficit reduction. it doesn't hurt it. so, you know, again i think this is just posturing right now. we have so much common ground. this is the scary thing. we agree on the taxes shouldn't go up on 98% of the american people. we agree that these across the board spending cuts should not go in effect because they woxquld damage the economy. all we're fighting over now is tax rates on the top 2% of earners. this seems like something seems as if also based on what i've read and listening to the president and speaker boehner, it also seems as if both sides are trying to position themselves alluded to bases, trying to position themselves to save some face with their respective bases. trying to figure out how they keep the rates intact but also generate more revenue. you alluded to it. i want to put up a screen here. a full screen but "the new york times" reporting today, one suggestion being floated increasing taxes, keeping the rates the same meaning, for instance, that the entire of someone making 400,000
so if you're trying to get deficit reduction the affordable care act actually helps with deficit reduction. it doesn't hurt it. so, you know, again i think this is just posturing right now. we have so much common ground. this is the scary thing. we agree on the taxes shouldn't go up on 98% of the american people. we agree that these across the board spending cuts should not go in effect because they woxquld damage the economy. all we're fighting over now is tax rates on the top 2% of earners....
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Nov 26, 2012
11/12
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however, the cbo projects that under a possible such a policy assumptions the deficit could still be greater than 4% of gdp in 2018, assuming the economy has returned to its potential by then. moreover, under the protection, the deficit and the ratio of federal debt to gdp would subsequently returned to an upward trend. we should all understand that long-term projections of ever increasing deficits will never accept underpass because the willingness of lenders to continue to fund the government can only be sustained by a responsible fiscal plans and actions. a credible framework to set a better fiscal policy, one in which the ratio of federal debt to gdp eventually stabilizes or declines, is urgently needed to maintain stability. even as policy-makers address the urgent issue of longer run out stability, they should not ignore a second key objective, to avoid unnecessarily adding to the head winds that are already holding back the economic recovery. fortunately, these objectives are compatible and mutually reinforcing. preventing a sudden and severe contraction in fiscal policy early
however, the cbo projects that under a possible such a policy assumptions the deficit could still be greater than 4% of gdp in 2018, assuming the economy has returned to its potential by then. moreover, under the protection, the deficit and the ratio of federal debt to gdp would subsequently returned to an upward trend. we should all understand that long-term projections of ever increasing deficits will never accept underpass because the willingness of lenders to continue to fund the government...
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Nov 27, 2012
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it's all about the deficit. he's not interested in people's suffering. he's interested in the deficit. that's where his focus is. >> that's exactly right. and he's not interested in the argument that perhaps for a stronger economy we need to care about the middle class and if we keep chopping them off at the knees, there's not going to be anybody to buy the products from the companies they're investing in. >> ari, we know the president when he was in the midst of that negotiation of a grand bargain with speaker boehner, he contemplated the prospect of raising the age at which it would trigger entitlements, particularly for social security. do you think this time around he'll do the same or do you think progressives will hold him to account on that and say no, no way? >> i'm concerned about it, and i think the problem is the red lines on the left side of this debate are not as clear as the ones on the right. you know, everyone spent a lot of time worrying about whether grover norquist is happy. but the fact of the political ecology in washington is there
it's all about the deficit. he's not interested in people's suffering. he's interested in the deficit. that's where his focus is. >> that's exactly right. and he's not interested in the argument that perhaps for a stronger economy we need to care about the middle class and if we keep chopping them off at the knees, there's not going to be anybody to buy the products from the companies they're investing in. >> ari, we know the president when he was in the midst of that negotiation of...
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Nov 22, 2012
11/12
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bond yields will rise in the cost of financing current deficits will increase. there won't be much cash available to move into government investments for the future. the bridges research in the basic sciences, public schools better equipped for the 21st century and so on. it will mean less spending on technology, less capital available to current listing companies and less capital for ashburn or second to go public on our market. the decline in american ingenuity would be a consequence and over time would be a decline of our position in the world. as all prices adjust, market forces could reach a point where investors refuse to buy u.s. treasury bonds. we see investors to the potential of the realizations now to risk. in 2007, over $1 trillion have flowed in to bomb an even greater amount out of the lease. a lack of clarity, on equity capital gains and dividends act as a deterrent or equity investment. when trying dollars moving into fixed income were fixed income is basically pain zero. that shows a fundamental aversion to risk, which is new to our society and
bond yields will rise in the cost of financing current deficits will increase. there won't be much cash available to move into government investments for the future. the bridges research in the basic sciences, public schools better equipped for the 21st century and so on. it will mean less spending on technology, less capital available to current listing companies and less capital for ashburn or second to go public on our market. the decline in american ingenuity would be a consequence and over...
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Nov 23, 2012
11/12
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care scenario using his own numbers raise $82 billion in additional revenue and we have $1 trillion deficit and $17 trillion in debt like putting a band-aid on a grenade wound. >> wasn't the choice very clear in the election, republicans said no tax increases and they got a president who said, well have them and they lost seats in the senate. >>guest: they did but they kept the house of representatives and the americans voted if a government with two parties that control different areas of the government. if there is a mandate it is that americans want both sides to get together to compromise, to work out a solution, and i don't think it was by any means endorsement of raising taxes for the sake of raising taxes. that is worst case scenario for republicans. there is another way, and it is closing loopholes and deductions. >> do all republicans know it? you speak to senator chambliss who says i am doing what is best for the country not living with the no tax hike pledge? >>guest: absolutely, senator chambliss, i cannot speak if him personally but most republicans would say there is a better
care scenario using his own numbers raise $82 billion in additional revenue and we have $1 trillion deficit and $17 trillion in debt like putting a band-aid on a grenade wound. >> wasn't the choice very clear in the election, republicans said no tax increases and they got a president who said, well have them and they lost seats in the senate. >>guest: they did but they kept the house of representatives and the americans voted if a government with two parties that control different...
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Nov 21, 2012
11/12
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he said an agreement on ways to reduce long-term federal budget deficits could remove road blocks to growth. on the other hand, going over the cliff might mean a recession. on top of that, worries about a deal were already causing trouble. > uncertainty about how the fiscal cliff, the raising of the debt limit, and the longer-term budget situation will be addressed appears already to be affecting private spending and investment decisions, and may be contributing to an increased sense of caution in financial markets. >> susie: wall street and business leaders were pleased that bernanke was talking tough. and they said the fed's role in the fiscal cliff negotiations is to communicate. >> tell the world and the individuals in the political establishment that they have to help get their act together or we have a problem, and that notion of preaching from the pulpit that he has is very fundamental. >> susie: is there another role or more of a role for the fed? >> i think to be a cheerleader and to be on the sidelines telling the government they have to do what is right for the public. >>
he said an agreement on ways to reduce long-term federal budget deficits could remove road blocks to growth. on the other hand, going over the cliff might mean a recession. on top of that, worries about a deal were already causing trouble. > uncertainty about how the fiscal cliff, the raising of the debt limit, and the longer-term budget situation will be addressed appears already to be affecting private spending and investment decisions, and may be contributing to an increased sense of...
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Nov 26, 2012
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democrats, senator dick durbin says entitlement programs like medicare and medicaid are fair game in deficit negotiations but insists social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation, and we can do things that i believe we should now, smaller things, played out over the long term that gives it solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. so those who say don't touch it, don't change it are ignoring the obvious. >> despite showing a willingness for reform, senator durbin ruled out raising the age for medicare eligibility. if lawmakers fail to act by january 1st, the american people will face roughly $600 billion in tax increases and spending cuts. >>> because he watches "morning joe" every weekday morning -- >> i don't think that's true. maybe. >> -- monday through friday, senator john mccain is taking our advice and softening his attacks on susan rice. after vowing to block her potential nomination as secretary of state. now, republicans are claiming the amb
democrats, senator dick durbin says entitlement programs like medicare and medicaid are fair game in deficit negotiations but insists social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation, and we can do things that i believe we should now, smaller things, played out over the long term that gives it solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. so those who say...
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Nov 28, 2012
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now we're facing debt and deficit. on the question of labour supply and investment of savings, it is hard to know what the rates would have been. but in general, tax rates to increase porges station in the labour market, particularly for women. there is every -- very strong evidence that lower tax rates make people save more prepared host: did it create jobs? guest: the tax policy itself does not create jobs. employers create jobs. there was a recession and at the bush administration in the beginning and one at the end. that continued into the obama administration. jobs come and go. at the moment, we have a significant job deficit. but i think if we look not just at the bush tax cuts in isolation, but the tax policy over the history of the united states and in other countries, we see the lower chart -- lower tax rates do contribute to getting jobs. host: ethan pollack, as did the bush tax cuts work? guest: they did work in the sense that they cost a lot of money and reduced surpluses. 80% of the debt added during the t
now we're facing debt and deficit. on the question of labour supply and investment of savings, it is hard to know what the rates would have been. but in general, tax rates to increase porges station in the labour market, particularly for women. there is every -- very strong evidence that lower tax rates make people save more prepared host: did it create jobs? guest: the tax policy itself does not create jobs. employers create jobs. there was a recession and at the bush administration in the...
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Nov 29, 2012
11/12
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deficits that are unsustainable. i hope at the end of this year that -- congress will extend the middle class for 98% of americans, but let the tax cuts on that 2% expire. host: william mcbride, is the payroll tax cut a side issue? guest: it was front and center a year ago. it was debated in stages. we had a two month extension last year at this time. we had a protracted debate that picked up again in february and was extended again for the rest of the year. that was an major push by the president. it is a major deal. it is more than $100 billion a year, the estimate is $125 billion a year. that is more than 10% of the deficit. these are big numbers. it is an unprecedented policy, to start it two years ago and prior to that time -- the first time it was passed it was for one year. it was debated again last year. we did not play around politically with the payroll tax to much. nothing like we did with the income tax. it is rather unprecedented, cuts in to a program that was posted a dedicated to social security -- sup
deficits that are unsustainable. i hope at the end of this year that -- congress will extend the middle class for 98% of americans, but let the tax cuts on that 2% expire. host: william mcbride, is the payroll tax cut a side issue? guest: it was front and center a year ago. it was debated in stages. we had a two month extension last year at this time. we had a protracted debate that picked up again in february and was extended again for the rest of the year. that was an major push by the...
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Nov 27, 2012
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it is still about three times the average deficit under bush. let us go back to the clinton tax era. eileen anywhere between republican and libertarian. up -- yes i am not. i lean anywhere between republican and a libertarian. host: what do you make of republicans up on capitol hill -- to sort of a back off the tax pledge that he took when he ran for senate, saying he would not raise taxes. caller: if we are going to raise taxes my important thing is raising them on everybody. because if they try to strike a compromise where only the rich get taxed, then it gets more progressive. it is not a point to help the budget. we are right to raise taxes, raise them all the way down to where clinton had them. host: senators lindsey gramm represented peter king, talking publicly abandoning the pledge of democrats will talk seriously about entitlement reforms. rest in peace, grover norquist? there are not enough republican tax hikes -- republicans to hike taxes for obama. the left is doing its best to make tax hikes appear to be a foregone conclusion. that
it is still about three times the average deficit under bush. let us go back to the clinton tax era. eileen anywhere between republican and libertarian. up -- yes i am not. i lean anywhere between republican and a libertarian. host: what do you make of republicans up on capitol hill -- to sort of a back off the tax pledge that he took when he ran for senate, saying he would not raise taxes. caller: if we are going to raise taxes my important thing is raising them on everybody. because if they...
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Nov 28, 2012
11/12
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but also a lot of republicans and a lot of independents agreed we should have a balanced approach to deficit reduction that doesn't hurt the economy or hurt middle class families. glad to see if you have been reading the pains more and more republicans in congress are agreeing with this idea we should have a balanced approach. >>shepard: he referenced some in the g.o.p. who signal they could be willing to play bull. the republican leadership still is insisting they will not consider tax hikes. >> republicans are willing to put revenue on the table the it is time for the president and democrats to get serious on the spending problem our country has. >>shepard: president obama continues the p.r. blitz. later today he is scheduled to meet with big business leaders to discuss the proposed fix to the fiscal cliff. ed henry is live with us at the white house. what seem it is to be lost in this is the tax cuts going to expire. that's it. if they want to extend them on some, they can. but he will not allow it on people who make more. what part of this is confusing? >>reporter: a lot of other pieces
but also a lot of republicans and a lot of independents agreed we should have a balanced approach to deficit reduction that doesn't hurt the economy or hurt middle class families. glad to see if you have been reading the pains more and more republicans in congress are agreeing with this idea we should have a balanced approach. >>shepard: he referenced some in the g.o.p. who signal they could be willing to play bull. the republican leadership still is insisting they will not consider tax...
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Nov 22, 2012
11/12
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it doesn't make a lot of sense to get rid of a deficit reduction program, as part of a deficit reduction deal. the white house already rejected boehner's idea. obama care will not be part of debt negotiations. boehner is up to something here, don't you think? something else, that is. if you watch john boehner closely over the last two weeks, you can see him laying the ground work for the latest ploy. he called obama care the law of the land, but also tried to link it to obama care and the budget. >> you had said, next year, that you would repeal the health care vote. that's still your mission? >> well, i think the election changes that. it's pretty clear that the president was re-elected. obama care is the law of the land. i think there are parts of the health care law that are going to be very difficult to implement. and very expensive. and at a time where we're trying to find a way to create a path toward a balanced budget, everything has to be on the table. >> but you won't be spending the time next year, trying to repeal obama care? >> there are certainly may be parts of it that we b
it doesn't make a lot of sense to get rid of a deficit reduction program, as part of a deficit reduction deal. the white house already rejected boehner's idea. obama care will not be part of debt negotiations. boehner is up to something here, don't you think? something else, that is. if you watch john boehner closely over the last two weeks, you can see him laying the ground work for the latest ploy. he called obama care the law of the land, but also tried to link it to obama care and the...
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Nov 28, 2012
11/12
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social security has not added one penny to the deficit. for those who say there is good reason to push it off the table and wait, i would add a note of caution. small changes made today in social security will play out over the long run to buy us solvency for a long time. we should take perhaps all the security off the table but be very honest but we will achieve in the near term. i think we should create the equivalent of eight simpson- bowles region of a simpson- bowles, and come up with a plan to buy 75 years of salt with the rigid of solvency. i might add a wrinkle here. every 10 years, a similar commission ought to be created. let's not get into this mess where we have six months to go with social security. you know how important it is for people. people are devastated by the recession and their pension plans lost. it is important to us, our kids come and grandchildren. i think we should create a commission that will report back to congress before a vote by the end of the next calendar year. i want to talk about the two toughest eleme
social security has not added one penny to the deficit. for those who say there is good reason to push it off the table and wait, i would add a note of caution. small changes made today in social security will play out over the long run to buy us solvency for a long time. we should take perhaps all the security off the table but be very honest but we will achieve in the near term. i think we should create the equivalent of eight simpson- bowles region of a simpson- bowles, and come up with a...
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Nov 26, 2012
11/12
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no more deficit spending. we'll pay for it by having a surtax on people who make more than $1 million a year. and that surtax is .3%. they stopped it. they stopped it dead in its tracks. every republican voted against that. that is the way that they have legislated this entire year. and by our getting rid of the motion to proceed, that we're turning country upside-down is ridiculous. it's not true. they have legislated with the effort to defeat obama. he won. he won by 2 1/2 million votes, 325 -- 327 electoral votes, overwhelming. even though they did everything they could to stop him from being reelected. everyone knows what a failure this congress has been because of what the senate has done and that's nothing. nothing. no job creation. they didn't want that. it would -- if -- if we had had some ability to create jobs, it would have helped obama, it would have helped the country. but, no, that wasn't what they wanted to do. and a terrible day for them last year was the -- several months ago, the supreme cour
no more deficit spending. we'll pay for it by having a surtax on people who make more than $1 million a year. and that surtax is .3%. they stopped it. they stopped it dead in its tracks. every republican voted against that. that is the way that they have legislated this entire year. and by our getting rid of the motion to proceed, that we're turning country upside-down is ridiculous. it's not true. they have legislated with the effort to defeat obama. he won. he won by 2 1/2 million votes, 325...
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Nov 23, 2012
11/12
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. >>> el comportamiento criminal en adultos con trastorno de dÉficit de atenciÓn, baja cuando toman medicamentos investigadores dicen que este fÁrmaco los ayuda a controlarse y con centrarse, de las 25 mil personas que se sometieron al estudio un tercio de ellos cometieron menos delitos. >>> una familia hispana de sur de florida tiene dos razones mÁs para agradecer a la vida despuÉs de adoptar a dos niÑos que ahora son los pequeÑos del hogar, vamos con la historia. >>> en la casa de la familia hoy dÍa de acciÓn de gracias no se celebraran tanto el pavo de maÁa angie ni el famoso relleno del abuelo, si no la llegada de dos niÑos emilio de dos aÑos y sean de 4. >>> cuando me dijeron que era tiempo es como yo estaba en cinta por la primera vez (risas) . >>> blanca que tiene dos hijos propias ya mayores de edad adaptÓ a lo hermanos que estaban bajo el cuidado del estado. >>> es comenzando otra vez, yo tengo que levantar por la maÑana cuando yo no quiere, pero es la vida de una madre. >>> la semana pasada, celebrando el mes nacional de los adopciÓnes uno 60 pechos y incluyendo emilio y s
. >>> el comportamiento criminal en adultos con trastorno de dÉficit de atenciÓn, baja cuando toman medicamentos investigadores dicen que este fÁrmaco los ayuda a controlarse y con centrarse, de las 25 mil personas que se sometieron al estudio un tercio de ellos cometieron menos delitos. >>> una familia hispana de sur de florida tiene dos razones mÁs para agradecer a la vida despuÉs de adoptar a dos niÑos que ahora son los pequeÑos del hogar, vamos con la historia....
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Nov 21, 2012
11/12
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and that's made it impossible to reach a deficit reduction deal, until now. "the new york times" has an article in which republican after republican after republican goes on the record by name dismissing his pledge and his power. peter king says a pledge is good at the time you sign it. in 1941 i would have voted to declare war on japan. but each congress is a new congress and you can't have a rule that you're never going to raise or lower taxes. i don't want to rule anything out. senator of georgia said, i'm frankly not concerned about the norquist pledge. senator john mccain said fewer and fewer people are signing this "pledge." it's actually a pledge, but any way. senator coburn called it "a tortured vision of tax purity." and it did you want end there in that article. bill crystal said this. >> let's have a serious debate. don't scream and yell when one person says, it won't kill the country if we raise taxes on millionaires. i don't understand why republicans don't take obama's offer. >> a calmist at the national review wrote, as a matter of political st
and that's made it impossible to reach a deficit reduction deal, until now. "the new york times" has an article in which republican after republican after republican goes on the record by name dismissing his pledge and his power. peter king says a pledge is good at the time you sign it. in 1941 i would have voted to declare war on japan. but each congress is a new congress and you can't have a rule that you're never going to raise or lower taxes. i don't want to rule anything out....
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in fact, they have been running a deficit. they have relied more on federal stimulus money to take care of their debt than any other state in the country. >> bill: they owe 40 billion, juan. >> looking for a bailout. >> bill: when willie nelson dies and least his estate 40 billion with all the medicinal marijuana on the ranch rolling in austin. that's a manageable debt. you can pay it off. all right? you can't pay off 160 billion. the sacramento pinheads know they can't fay off. it's a ponzi scheme out there. >> the yeah, the pension, the unions. >> bill: yeah, they can't pay it off. >> you know what they did have a vote by the people, a democratic, you know, vote that says here is is a mechanism that we want to put in place to reduce spending and to raise taxes, you don't see that in texas. they don't do it that way. the legislature meets once every two years and all up to them and not the people. in terms of democratic inticket, i think i would prefer california. >> bill: you are dodging the social experiment on the liberal
in fact, they have been running a deficit. they have relied more on federal stimulus money to take care of their debt than any other state in the country. >> bill: they owe 40 billion, juan. >> looking for a bailout. >> bill: when willie nelson dies and least his estate 40 billion with all the medicinal marijuana on the ranch rolling in austin. that's a manageable debt. you can pay it off. all right? you can't pay off 160 billion. the sacramento pinheads know they can't fay...
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Nov 24, 2012
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the trust fund will run -- to mask the overall deficit. it was a nice tax breaks for low income seniors. that was stealing from that trust fund. we call it the social security fund. there is no trust in my estimation. host: this is from the huffy to post a business section. earlier this week-- huffington post business section. older americans are in the cross hairs. when congress returns for a lame-duck session, stocks will keep up -- talks will heat up and there may be reinvigorated discussions on a grand bargain. the last time that happens, president obama considered a proposal favored by republicans to extend the eligibility for medicare to 67. as a guy who turned 65, your thoughts about extending the eligibility for medicaid to 67. guest: if you are younger, you are not thinking about it. i think it would be prudent to do that for the health of the country in the future of the people. obviously, if you are at or near 65, you cannot do it. the thing i wonder is, as part of this whole situation, why is there no effort to really, really c
the trust fund will run -- to mask the overall deficit. it was a nice tax breaks for low income seniors. that was stealing from that trust fund. we call it the social security fund. there is no trust in my estimation. host: this is from the huffy to post a business section. earlier this week-- huffington post business section. older americans are in the cross hairs. when congress returns for a lame-duck session, stocks will keep up -- talks will heat up and there may be reinvigorated...
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Nov 27, 2012
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no credible deficit-reduction plan we've seen over the past few years excludes real cuts. and if we want to prevent this crisis, democrats need to be as serious about cutting spending as they are about spending. it's that simple. and by the way this is an approach americans overwhelmingly support. according it a recent a.p. poll, voters prefer spending cuts to tax hikes, 62% to 29%, a more thank two-to-one margin. there is a reason for this. the american people aren't stupid. they know the problem with washington isn't that it taxes too little but that it spends too much. the only reason we're talk about a many looing fisca looming fisw is because the democrats spend the last years creating it. i want to talk about how we got into this mess in the first place because amidst all the talks about plans and proposals, it's easy to forget that we didn't get here by accident. we got here because washington democrats, from the president on down, have done two things exceedingly well over the past four years: spend other people's money and kick the can down the road. spend other p
no credible deficit-reduction plan we've seen over the past few years excludes real cuts. and if we want to prevent this crisis, democrats need to be as serious about cutting spending as they are about spending. it's that simple. and by the way this is an approach americans overwhelmingly support. according it a recent a.p. poll, voters prefer spending cuts to tax hikes, 62% to 29%, a more thank two-to-one margin. there is a reason for this. the american people aren't stupid. they know the...
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Nov 26, 2012
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at how we reform our entitlements because health care costs continue to be the biggest driver of our deficits. >> reporter: mr. obama has insisted that in any deal, tax rates on the wealthy must rise. but a top democrat signaled openness to the republican stance. revenues can be risen by closing loopholes and deductions. >> they have to go up, real tax rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we have to show the world we're adults. the election is over. >>> to overseas now, where egypt, the country's newly elected leader there has granted himself unchecked power. it's sparking days of violent clashes and sent the country's stock market into free fall. nbc's jim maceda joins us live now. good morning to you. >> good morning, lynn. it's a critical day for mohamed morsi, a former leader of the muslim brotherhood which began on thursday when he issued the decree putting all his decisions effectively above the law. he said he was doing that to
at how we reform our entitlements because health care costs continue to be the biggest driver of our deficits. >> reporter: mr. obama has insisted that in any deal, tax rates on the wealthy must rise. but a top democrat signaled openness to the republican stance. revenues can be risen by closing loopholes and deductions. >> they have to go up, real tax rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous,...
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Nov 21, 2012
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he warned against large federal deficits and was a fierce critic of the reagan administration in the 1980s iran-contra affair. >> the american people have the constitutional right to be wr g wrong. and what ronald reagan thinks or what oliver north thinks or what i think or what anyone else thinks makes not a whip if the american people say enough. there comes a point that the views of the american people have to be heard. >> the new hampshire senator didn't seek re-election in 1992. later saying "i can see the republican party gradually being taken over by movement conservatives and self-commissioned christian soldiers whose social agenda i found repugnant." warren rudman was 80. >>> as the president considers his cabinet for a second term, the "wall street journal" reports eric holder will likely stay on, at least for the start of the new administration. holder clashed with congress for refusing to turn over certain documents in the fast and furious gun trafficking scandal. he had been the first sitting attorney general to be found in contempt of the house of representatives and he
he warned against large federal deficits and was a fierce critic of the reagan administration in the 1980s iran-contra affair. >> the american people have the constitutional right to be wr g wrong. and what ronald reagan thinks or what oliver north thinks or what i think or what anyone else thinks makes not a whip if the american people say enough. there comes a point that the views of the american people have to be heard. >> the new hampshire senator didn't seek re-election in...
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Nov 23, 2012
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the current situation, running annual deficits in the neighborhood of $1 trillion, it is quite clear there is going to have to be a whole range of things that is going to have to be done to get the whole -- the number down to something more palatable. host: pensacola, florida, republican. go ahead, laura perry -- laura. caller: first of all, if $1.20 trillion, right, it is over 10 years. is that a real cut or is it a cut in the projected increase? guest: it is a cut in the baseline, so the projected increase. a very good point. in one year, 2009, we increased spending by almost $1 trillion. it was not just a one-time shot. so, we can't cut it in one year's $60 billion -- in one year, $60 billion? we raised it $900,000,000,000.10 year? that is ridiculous. the military can cut $60 billion. social spending can cut $60 billion. these are projected increases, not cuts. guest: there is definitely a school of thought along these lines saying maybe it is not that huge and level of cuts. the people in the agencies will tell you it would have an immediate affect on their ability to provide ser
the current situation, running annual deficits in the neighborhood of $1 trillion, it is quite clear there is going to have to be a whole range of things that is going to have to be done to get the whole -- the number down to something more palatable. host: pensacola, florida, republican. go ahead, laura perry -- laura. caller: first of all, if $1.20 trillion, right, it is over 10 years. is that a real cut or is it a cut in the projected increase? guest: it is a cut in the baseline, so the...
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Nov 23, 2012
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week after the postal service announced a 15.9 billion in losses, the agency is trying to recoup the deficit. starting inep december 12th. they will follow ebay and amazon and walmart and offer same day delivery. the metro post ames to boost profits by taking advantage of holiday shoppers who get their hands on last-packages and the agency is teaming up with 8-10 retailers to offer it at a $10 flat rate fee. we know that customers will have to place their orders by two o'clock p.m. the latest and items will be delivered between four and eight the same day. they hope to generate 10-50 million. and it expected 20 percent jump in package volume which is more than the rivals. they will look to expand it in other major like new york, boston and chicago et cetera. the outlook is bleak even if it makes maxed profit. that is not enough to plug the budget hole and not taking boo - into the account to run the program. >> we are all pulling for the postal service. time right now. 17 after the hour. it was an iconic image of sandy. new york city crane twisted in half and damaging buildings and now busin
week after the postal service announced a 15.9 billion in losses, the agency is trying to recoup the deficit. starting inep december 12th. they will follow ebay and amazon and walmart and offer same day delivery. the metro post ames to boost profits by taking advantage of holiday shoppers who get their hands on last-packages and the agency is teaming up with 8-10 retailers to offer it at a $10 flat rate fee. we know that customers will have to place their orders by two o'clock p.m. the latest...
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howard's become a deficit hawk. i think howard and i would disagree probably on some of the elements of what constitutes -- >> no, but he's saying it's not a disaster if it happens. >> well, i was going to get to that point. the fiscal cliff itself, howard is right, it's a slope. on day one the economy does not collapse and go into recession. but i worry a lot about the markets. the market reaction to going over the cliff, particularly if we go over the cliff in disarray where there's really no plan. everything's broken down. nobody knows where anybody is. i think that could be pretty ugly in the markets. having said that, my own view is, that going over the fiscal cliff is only the second worst thing that can happen. the worst thing that can happen would be for congress to simply kick the can down the road on everything. >> that's exactly right. >> extend all the taxes, extend all the spending, let life go merrily on the way it is. we cannot let that happen. it is time to address the deficit. and if going over the
howard's become a deficit hawk. i think howard and i would disagree probably on some of the elements of what constitutes -- >> no, but he's saying it's not a disaster if it happens. >> well, i was going to get to that point. the fiscal cliff itself, howard is right, it's a slope. on day one the economy does not collapse and go into recession. but i worry a lot about the markets. the market reaction to going over the cliff, particularly if we go over the cliff in disarray where...
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Nov 27, 2012
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that's exactly what deficit reduction is. we're paying a little bit while we're healthy to protect against the likelihood, the small or great likelihood, we might have a debt crisis later. but my feeling is that now, that the economy is weak, growing at 1.8% for the last 24 months, we're not creating that many jobs, unemployment is still around 8%, the economy is still wheezing faintly. and when you're wheezing faintly, you need the strong medicine that high deficits offer. >> there's a lot of talk of the fear of the u.s. falling into the same hardships as europe. specifically greece. i want to play what senator lindsey graham had said about this. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece. >> okay. here's what you said in your article. deficit reduction takes economic activity out of the economy. if you want to see what austerity does to a weak private sector, just look at europe. which policies do you think would turn us into europe? how would that happ
that's exactly what deficit reduction is. we're paying a little bit while we're healthy to protect against the likelihood, the small or great likelihood, we might have a debt crisis later. but my feeling is that now, that the economy is weak, growing at 1.8% for the last 24 months, we're not creating that many jobs, unemployment is still around 8%, the economy is still wheezing faintly. and when you're wheezing faintly, you need the strong medicine that high deficits offer. >> there's a...
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it is not currently a driver of the deficit. that's an economic fact. >> we've been open to revenue by closinging loopholes as long as it's tied to spending cuts. >> as long as it's mitt romney's plan. that's what we're for. >> stephanie: what? you're acting like, it's almost like a hostage crisis. like they don't have the gun and are issuing demands. like what? >> what are you talking about? >> stephanie: exactly. mike in philadelphia, you're on the "stephanie miller show." hi, mike. >> caller: hi, steph how are you doing? >> stephanie: good, go ahead. >> caller: eric con tore brought obamacare back on the table. they won't leave that alone. >> stephanie: no, they are just the sorest losers in the world. it's like he won he won at the supreme court he won at the ballot box again moving on, we are not repealing obamacare. like really? the white house warned monday that american consumers will spend $200 billion less if the looming fiscal cliff is not averted and tax hikes are not spread across the board. the economy would take a
it is not currently a driver of the deficit. that's an economic fact. >> we've been open to revenue by closinging loopholes as long as it's tied to spending cuts. >> as long as it's mitt romney's plan. that's what we're for. >> stephanie: what? you're acting like, it's almost like a hostage crisis. like they don't have the gun and are issuing demands. like what? >> what are you talking about? >> stephanie: exactly. mike in philadelphia, you're on the...
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social security didn't cause the deficit. we don't need to cut social security to solve the problem. >> congressman defazio and a few others say let's go over the cliff if it means touching social security. what do you say? >> we should avoid going over the cliff, and the keys to the car are in the republicans' hands with respect to this tax issue. with respect to social security, i agree with what the president has said and what peter defazio said. social security is not part of the deficit and debt problem. we're not going to raid social security in order to balance other parts of the budget. as the president has said, you can deal with social security and try to strengthien it on yor own terms. with respect to health care, what we've said is we opposed the republican approach, which is simply to transfer rising health care costs onto the backs of seniors. what we should do and can do is build on the affordable care act where we found savings within the health care system by changes the incentive structures, by modernizing
social security didn't cause the deficit. we don't need to cut social security to solve the problem. >> congressman defazio and a few others say let's go over the cliff if it means touching social security. what do you say? >> we should avoid going over the cliff, and the keys to the car are in the republicans' hands with respect to this tax issue. with respect to social security, i agree with what the president has said and what peter defazio said. social security is not part of...
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a lot of the other issues surrounding deficit deduction are going to be a whole lot easier. and if we get this wrong, the economy is going to go south. it's going to be much more difficult for us to balance our budgets and deal with our deficits because if the economy's not strong, that means more money's going out and things like unemployment insurance and less money is coming in in terms of tax receipts and it just actually makes our deficit worse. so we really need to get this right. i can only do it with the help of the american people. so tweet -- what was that again? my2k or e-mail, post it on a member of congress' facebook wall. do what it takes to communicate a sense of urgency. we don't have a lot of time. we have a few weeks to get this done. we could get it done tomorrow. now, optimistically i don't think we're going to get it done tomorrow. but i tell you, if everybody here goes out of their way to make their voices heard and spread the word to your friends and family and co-workers and neighbs, i am confident that we will get it done and we will put america on t
a lot of the other issues surrounding deficit deduction are going to be a whole lot easier. and if we get this wrong, the economy is going to go south. it's going to be much more difficult for us to balance our budgets and deal with our deficits because if the economy's not strong, that means more money's going out and things like unemployment insurance and less money is coming in in terms of tax receipts and it just actually makes our deficit worse. so we really need to get this right. i can...
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Nov 27, 2012
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social security does not contribute to the debt or deficit. it is not part of our deficit driver. it is an issue that can be solved. look, we did see it in the '80s, some tough medicine. everybody took it but it extended the life of social security for decades. we could do that again. it shouldn't be on the table and look, as it relates to medicare, let's remember this president extended the life of medicare through the affordable care act. these people are still talking about eliminating affordable care act or putting cuts to the affordable care act on the table when the affordable care act is helping bring the deficit down. >> bill: give it up. not to mention -- >> the election's over. the environment has changed. >> bill: thank you. i haven't heard one republican yet say they will vote to end the bush tax cuts for the wealthiest of americans. so what has changed? >> not one. >> bill: for them, not much. brad woodhouse in studio with us. communications director for the dnc. join the conversation any time at 1-866-55-press or on twitter or facebook. we'll be right back. >> announ
social security does not contribute to the debt or deficit. it is not part of our deficit driver. it is an issue that can be solved. look, we did see it in the '80s, some tough medicine. everybody took it but it extended the life of social security for decades. we could do that again. it shouldn't be on the table and look, as it relates to medicare, let's remember this president extended the life of medicare through the affordable care act. these people are still talking about eliminating...
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we can't afford to run 1.2 to $1.5 trillion deficits every year. and we can't afford to bring obama care on to the books, because we know it has already doubled in its predicted cost. it was -- >> congresswoman, forgive me for cutting you off. but final question, yes or no, you think you'll be on the hill come christmas talking about this? >> oh, no, no. i think what you're going to do is see us find a way to move the bulk of this, to get past the fiscal cliff to address that, and then to have a good discussion. i'm pleased to welcome the president, the democrats to the discussion. this is something some of us have been trying to get done for many years. and i'm delighted to see that they're finally putting their attention on it. we have to get the fiscal house in order. >> thank you so much. live for me on the hill today, appreciate it. >>> today, business titans. tomorrow, the business guy trying to take his job. that's right, president obama and mitt romney will be meeting at the white house for lunch in the private dining room, no, no. no camer
we can't afford to run 1.2 to $1.5 trillion deficits every year. and we can't afford to bring obama care on to the books, because we know it has already doubled in its predicted cost. it was -- >> congresswoman, forgive me for cutting you off. but final question, yes or no, you think you'll be on the hill come christmas talking about this? >> oh, no, no. i think what you're going to do is see us find a way to move the bulk of this, to get past the fiscal cliff to address that, and...
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mortgage debt eligible for a deduction from a million dollars to $500,000 say it could help reduce the deficit and keep interest rates low and, scott, that could help the housing market all by itself. >> pelley: dean, thank you. just ahead, researchers have discovered a piece of world war ii history off the coast of florida. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are, o
mortgage debt eligible for a deduction from a million dollars to $500,000 say it could help reduce the deficit and keep interest rates low and, scott, that could help the housing market all by itself. >> pelley: dean, thank you. just ahead, researchers have discovered a piece of world war ii history off the coast of florida. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement...
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Nov 22, 2012
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it actually increases the deficit in the long run, at least for states and local governments. and it takes the healthiest people, the youngest old, if you will, out of the medicare pool and leaves the medicare pool with the sickest oldest old. i mean, it's absolutely crazy policy and really mean. >> respond to that. isn't she right on the merits that you don't save anything when you force people to stay away from the hospital or doctor for a couple years? >> i completely agree with what joan said. if i had my druthers we would lower the eligibility rate because medicare is better than the private sector. here's another thing that i think should, i guess, sweeten the deal is one way to put it for progressives and i think it's important for the economy. let's also include a couple measures of jobs programs in a temporary 2013 measures to help -- to take advantage of some of this momentum we already have in our economy. fiscal relief to states, maybe something off the payroll tax holiday, maybe something on the unemployment insurance. you know, that's another way in which this de
it actually increases the deficit in the long run, at least for states and local governments. and it takes the healthiest people, the youngest old, if you will, out of the medicare pool and leaves the medicare pool with the sickest oldest old. i mean, it's absolutely crazy policy and really mean. >> respond to that. isn't she right on the merits that you don't save anything when you force people to stay away from the hospital or doctor for a couple years? >> i completely agree with...